Laser diode market is expected to grow staidly at CAGR of 12.3% to reach USD 19.89 billion by 2025
February, 2019 | Source: Profshare Market Research
Laser diode also known as an injection laser or diode laser, is a semiconductor device that produces coherent radiation in the visible or infrared (IR) spectrum when current passes through it. Laser diode market is expected to grow staidly at CAGR of 12.3% to reach USD 19.89 billion by 2025.Growth in the of laser diode market is primarily contributed by application in medical, military & defense, as communication & optical storage, industrial, instrumentation & sensor industry. Laser diode market also penetrated in agriculture, automotive, agriculture and entertainment.
Some of the important advantages of laser diode over conventional laser are: • Low current, voltage, and power requirements • Small size and weight • Low intensity • Wide-angle beam
Laser diode market is segmented on wavelength of light includes:
near-infrared blue green ultra-violet (UV) yellow.
Infrared wavelength spectrum diode contribute major market share among all other wavelength spectrums, while green laser diodes are expected to grow at the highest CAGR of 16.7% during the forecast period between 2015 and 2020.but during 2018-2021 green laser diodes are expected to grow at strong CAGR of 16.7%.
• Military • Industrial • Medical • Communication and optical storage • Instrumentation and sensor
Top vendors of laser diode are:
• TRUMPF • IPG Photonics • OSRAM Opto Semiconductors • Rofin-Sinar Technologies • Coherent • NICHIA
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